We're going to take out life insurance for our new (first) mortgage. Talking to our IFA, critical illness seemed a good idea (we got the whole 'more people need critical illness than life cover' spiel). However 1) it's expensive and 2) checking on here and other places, I gather it may not be all it's cracked up to be - insurers can refuse to pay out if you don't get one of 'their' illnesses, etc. So we're thinking perhaps income protection would be better.
The final decision has to be ours, obviously, but it would be interesting to see what other people do?
The final decision has to be ours, obviously, but it would be interesting to see what other people do?